Do I need to spend a lot to get these incentives?

In many cases, no! The IRA incentives are designed to increase access to clean technology.

Lower Income Households

  • 100% of appliance and installation costs are discounted at purchase
  • Could install efficient electric appliances at no cost, with no spending

Middle Income Households

  • Have to spend in order to access savings
  • Up to 50% of appliance and installation costs can be covered through upfront discounts
  • Can use tax credits to cover some of the remaining gap

Highest Income Households

  • Are not eligible for upfront discounts
  • Will have to pay full price for appliances and installation
  • Tax credits on the back end could recoup around 30% of your costs